Vancouver Island’s Iconic Villa Madrona Reduced To $6.8-Million

North Saanich, British Columbia, Canada

*Update: July 2016. This property has been reduced to $6.8-million. *Update: February 2016. This property had come on the market for $7.98-million in early February 2016, just weeks later it has been adjusted to $8.5-million. One of Vancouver Island’s most unique private residences is back on the market after selling for $6.6-million in 2013. It’s known as Villa Madrona and it sits on a gorgeous 2-acre waterfront estate in North Saanich with awe-inspiring views. It’s came back on the market for $7.98-million $8.5-million in early 2016 and has recently been reduced to $6.8-million. The residence had previously sat on the market for more than eight years ranging in price from $9.98-million to $19.25-million before selling in 2013 for just $6.6-million. At the timeTimes Colonistnoted that the sale of Villa Madrona made it the highest price in the last three and a half years recorded by the Victoria Real Estate Board. It was a big deal all around. Listing Agent Lisa Williams of Sotheby’s International Realty Canada told Times Colonistthat the new buyers were originally from China but had been living in Victoria for a few years. Just two years after selling at a discounted price, the extremely unique residence went back on the market in 2015 with a list price of $9.5-million. It never sold and is now back on the market for $7.98-million$8.5-million $6.8-million. It spans 16,739 square feet and was custom-built in 2000 in North Saanich for Linda and Ralph Bodine and features formal entertaining rooms, a lavish theatre, indoor swimming pool/conservatory, 5 bedrooms, and 8 bathrooms. There is also a fully renovated 3,461 square foot guest house with separate title. The property is on the market for $7,980,000$8.5-million $6.8-million with James Liu of Royal LePage.